The decision is in. The Supreme Court has ruled that American citizens do have a right to own firearms.
In the majority opinion, Justice Antonin Scalia, said the Constitution does not permit "the absolute prohibition of handguns held and used for self-defense in the home."
The specific issue was the legality of the District of Columbia's ban on handguns and whether it was compatible with the wording of the Second Amendment. The court's 5-4 has struck down that ban.
According to the AP, the ruling won't lead to an unraveling of the nation's existing gun laws: